Praxair, Inc. (PX) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. raised its holdings in shares of Praxair, Inc. (NYSE:PX) by 42.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,989 shares of the basic materials company’s stock after buying an additional 894 shares during the quarter. D.A. Davidson & CO.’s holdings in Praxair were worth $462,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Cerebellum GP LLC acquired a new position in shares of Praxair during the fourth quarter worth approximately $128,000. Accident Compensation Corp acquired a new position in shares of Praxair during the third quarter worth approximately $140,000. San Francisco Sentry Investment Group CA lifted its holdings in shares of Praxair by 2,171.1% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,022 shares of the basic materials company’s stock worth $143,000 after buying an additional 977 shares during the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of Praxair during the third quarter worth approximately $169,000. Finally, Cable Hill Partners LLC lifted its holdings in shares of Praxair by 678.9% during the third quarter. Cable Hill Partners LLC now owns 1,441 shares of the basic materials company’s stock worth $201,000 after buying an additional 1,256 shares during the last quarter. Institutional investors own 84.93% of the company’s stock.

A number of research analysts have recently commented on the company. Seaport Global Securities reiterated a “hold” rating and set a $165.00 price target on shares of Praxair in a report on Wednesday, January 31st. TheStreet lowered Praxair from an “a-” rating to a “c+” rating in a report on Thursday, January 25th. SunTrust Banks upped their price target on Praxair to $185.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Barclays upped their price target on Praxair from $160.00 to $170.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Finally, Citigroup reiterated a “buy” rating and set a $188.00 price target on shares of Praxair in a report on Friday, January 26th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Praxair has a consensus rating of “Buy” and a consensus price target of $167.50.

Shares of Praxair, Inc. (NYSE:PX) opened at $155.62 on Friday. The stock has a market capitalization of $43,730.27, a P/E ratio of 36.02, a PEG ratio of 1.99 and a beta of 1.03. The company has a current ratio of 0.99, a quick ratio of 0.81 and a debt-to-equity ratio of 1.20. Praxair, Inc. has a 1 year low of $115.67 and a 1 year high of $166.95.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, March 7th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Tuesday, March 6th. This is a boost from Praxair’s previous quarterly dividend of $0.79. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.12%. Praxair’s payout ratio is currently 72.92%.

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About Praxair

Praxair, Inc is an industrial gas company. The Company’s operations are organized into five segments, four of which have been determined on a geographic basis of segmentation: North America, Europe, South America and Asia. In addition, it operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc, which represents the fifth segment.

Institutional Ownership by Quarter for Praxair (NYSE:PX)

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